Short-term BTC puts are in demand after hawkish Fed dented the bullish sentiment in risk assets.
Bitcoin's Nosedive to Under $100K Shaves $700M Crypto Longs, XRP Drops 5%
XRP and DOGE futures recorded an unusually high $70 million in liquidations, indicative of rising speculative activity in majors.
Trump, not yet in office, already a figure in global economic policy
The world's economic reckoning with the incoming Trump administration kicked off in earnest this week, with the U.S. Federal Reserve flagging fewer rate cuts, a resignation in Canada over budgeting for tariffs and heightened focus on cryptocurrencies. The Fed cut rates as expected on Wednesday amid a busy year-end run of central bank meetings from Ottawa and Frankfurt to Tokyo and London that showed heightened uncertainty ahead of Donald Trump entering the White House in the new year. Indeed, Fed officials not only dialed back projections for rate cuts in the face of stubborn inflation, Chair Jerome Powell said some in the bank were also trying to judge how Trump's planned tariffs, lower taxes and immigration curbs might affect policy.
South Korean won hits 15-year low as hawkish Fed, domestic politics weigh
SEOUL (Reuters) -The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the U.S. Federal Reserve's cautious stance on more interest rate cuts, as well as domestic political uncertainty. The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinged on further progress in lowering stubbornly high inflation. U.S. central bankers now project they will make just two quarter-percentage-point rate reductions next year, half a percentage point less than anticipated in September, with higher projections of inflation for the first year of the new Donald Trump administration.
Arthur Hayes Predicts Crypto Market Will Experience Major Sell-Off Around Trump’s January 2025 Inauguration
Arthur Hayes, former CEO of BitMEX, predicts a major sell-off in cryptocurrency markets around the time of Donald Trump’s inauguration on Jan. 20, 2025.
Stock market today: Dow drops 1,123 points and bond yields soar as markets adjust rate outlook after Fed meeting
The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.
Grayscale’s Bitcoin Mini Trust ETF Secures Over $1 Billion in Net Inflows, Reaches $4 Billion in Assets
Grayscale’s Bitcoin Mini Trust ETF has attracted over $1 billion in net inflows in 2024, with the total assets under management surpassing $4 billion.